Cheaper iPhones in June tips confident analyst

"We expect Apple to launch new iPhones in June that offer both a lower total cost of ownership and new functionality, potentially including gesture-based technology" Hubert wrote in an investors note today.  According to Morgan Stanley's own research, hardware cost and service plans far outweigh qualms over iPhone functionality among users.

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Meanwhile Hubert is also enthusiastic about the iPad, predicting six million units will ship in the 2010 calendar year; that's significantly higher than the general 3-4m expectations.  "We expect Apple to ship its first iPad and announce additional content deals in late March to better than expected demand" the analyst suggests.

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